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BRINGING FX TO A BROADER MARKET EA, Multi-terminal and social trading. By Marshall Gittler , Head of Global FX Strategy, IronFX Global. BRINGING FX TO A BROADER MARKET. Expert Advisors (EA) Multi-terminal accounts Social Trading Managed accounts. www.IronFX.com. EXPERT ADVISORS
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BRINGING FX TO A BROADER MARKET EA, Multi-terminal and social trading By Marshall Gittler, Head of Global FX Strategy, IronFX Global
BRINGING FX TO A BROADER MARKET • Expert Advisors (EA) • Multi-terminal accounts • Social Trading • Managed accounts www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX • Never sleep, eat, watch TV, etc: they pay attention to your position constantly • Execute trades instantly when the conditions are met • BUT they don’t understand why they are doing what they are doing and they will do it without thinking www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX • Main users are in G7 countries • Opens up trading to a new group of people who don’t have the time or inclination to watch their position closely • Increases volume, decreases inactive accounts = more business for us • Haven’t found the perfect trading system (yet) www.IronFX.com
EXPERT ADVISORS MAKE IT EASY TO TRADE FX • Regulatory issues:few • If the client designs and implements the EA, it’s all up to him or her • If the client uses an EA built by an outside firm, the decision to execute the trade is still theirs • Still, there needs to be proper disclaimers, rules about representing results of back-testing, etc. www.IronFX.com
MULTI-TERMINAL ACCOUNTS GIVE CLIENTS MORE CONTROL • Multi-terminal is a single platform that clients link can link all existing accounts to a single platform for a better control and management • Clients can either open & close trades in their individual accounts -or- operate all their accounts with a single click of a button via the multi-terminal • EAs cannot be used on multi-terminal accounts www.IronFX.com
MULTI-TERMINAL ACCOUNTS GIVE CLIENTS MORE CONTROL • Some traders have used this platform facility to offer portfolio management services to clients by obtaining performance and management fees • Regulatory issues: • As long as the client uses multi-terminal on his/her own benefit then no regulatory issue • If traders are using this facility on a professional basis by collecting performance and management fees then the trader should have the required licence/certifications www.IronFX.com
SOCIAL TRADING FX FOR THE FACEBOOK GENERATION • Traders join an FX trading community • “You show me yours and I’ll show you mine” = the trades of all members of the community are visible to everyone (anonymously, of course) • Participants can follow one or more other traders, either getting notification of their trades or even copying them automatically www.IronFX.com
SOCIAL TRADING FX FOR THE FACEBOOK GENERATION www.IronFX.com
SOCIAL TRADING FX FOR THE FACEBOOK GENERATION www.IronFX.com
SOCIAL TRADING FX FOR THE FACEBOOK GENERATION • Regulatory issues: • Master traders don’t need regulation; they’re passive • Followers don’t need any regulation; they decided to join • Regulation therefore concerns the trading network: • Did the client join of his own free will, or did the company push him into social trading? • How are P&L tracked and advertised? Are they live trades or demo results? • Are there proper disclaimers (“past performance is no guarantee…” etc.) www.IronFX.com
MANAGED ACCOUNTS LET THE PROS TAKE CARE OF EVERYTHING • We offer managed accounts with a professional money manager, HAERES Capital LCC • A hedge fund for the masses: minimum investment $10k, not $250k, and no lock-up period • Allows anyone to add FX to their portfolio • Of course properly regulated www.IronFX.com
SUMMARY BRINGING FX TO A WIDER AUDIENCE • Many people realize that FX is a valuable asset class that can improve the risk/return profile of a portfolio • FX firms like IronFX Global are working to make FX more accessible to these clients • Most of the regulatory issues that have arisen so far are easily encompassed in existing regulations or common sense www.IronFX.com
DISCLAIMER This presentation has been prepared by IronFX (the "Company") in relation to the provision of the investment and ancillary services and/or activities offered by the Company. IronFX Financial Services Limited is authorised and regulated by CySEC (Licence No. 125/10). Whilst the information in this presentation has been extracted from sources which are believed to be accurate, neither the Company nor any of its subsidiaries, representatives, partners, directors, officers, members, employees, advisors or agents make any representation, warranty or undertaking, expressed or implied, with respect to the contents of this presentation and no responsibility is accepted by any of them for the accuracy of this presentation or for omissions from this presentation or for any other written or oral information transmitted or made available to a prospective client and/or partner. The Company does not undertake any obligation to provide the recipients of this presentation with access to any additional information or to correct any inaccuracies herein which may become apparent, and it reserves the right, without advance notice, to change the procedure for participation or to terminate negotiations at any time prior to agreeing any investment. The issue of this presentation shall not be taken as any form of commitment on the part of the Company to proceed with any transaction. The distribution of this document in other jurisdictions may be restricted by law and therefore any person in possession of this document should inform themselves of and observe any restrictions. The information in this document is strictly confidential. Presenting the above information to any unauthorized party or any competitor is strictly prohibited. Forexand CFDs are leveraged products and involve a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Direct access to interbank liquidity is achieved through IronFX’s Prime Broker. www.IronFX.com